How much loan India has per person?
National debt in India
| External debt (USD) | Date | |
|---|---|---|
| Per capita | ||
| India | 449.28 | March 2023 |
| Turkey | 5,514 | March 2023 |
| Portugal | 42,785 | June 2023 |
Debt Burden on People
Average debt in rural areas was Rs. 60,000 per household, while in urban areas it was Rs. 1.2 lakh, according to an NSSO report for 2018. Remember: this is debt averaged out – spread over – the whole population, not just limited to actually indebted households.
At end-September 2023, India's external debt was placed at US$ 635.3 billion, recording an increase of US$ 6.4 billion over its level at end-June 2023 (Table 1).
Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.
The top 10 most-indebted companies in India paint a picture of financial challenges and strategic considerations. Leading the pack is Reliance Industries Limited (RIL) with a hefty debt of Rs 3.14 lakh crore, followed by NTPC, Vodafone Idea, and Bharti Airtel in the energy and telecom sectors.
India takes the top spot. Its $39.7bn debt towards the WB recorded at the end of 2021 is double that of the next biggest debtor, Indonesia, with $19.6bn. Pakistan and Bangladesh follow with $18.3bn and $17.8bn, respectively, according to WB figures.
The Narendra Modi-headed National Democratic Alliance (NDA) government will end its second term with overall public debt in excess of 80% of India's gross domestic product (GDP) at current market prices. All new governments, including those starting fresh innings, carry legacy burdens inherited from their predecessors.
Total US federal government debt breached $30 trillion mark for the first time in history in February 2022. As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt.
Basic Info. US Public Debt Per Capita is at a current level of 101.17K, up from 98.83K last month and up from 93.98K one year ago. This is a change of 2.38% from last month and 7.66% from one year ago.
Is India a zero debt country?
India's external debt was US$570 billion at the end of March 2021. It recorded an increase of US$11.6 billion over its level at end of March 2020. The external debt to GDP ratio declined to 19.9 per cent at end-March 2022 from 21.2 per cent at end-March 2021.
Current debt
About Rs. 24.309 trillion is owed by the government to domestic creditors, and about Rs. 1.67 trillion is owed by Public Sector Enterprises (PSEs). Similarly, as of October 2021, external Debt of Pakistan is now around US$121.75 billion.
In 2023, aggregate local government debt had risen to 92 trillion yuan ($12.58 trillion) and the central government of People's Republic of China ordered its banks to roll over debts in a debt-restructuring. China's gross external debt in 2023 was $2.38 trillion.
1) Switzerland. It is no surprise to see Switzerland on this list. Switzerland is a country that, in practically all economic and social metrics, is an example to follow. With a population of almost 9 million people, Switzerland has no natural resources of its own, no access to the sea, and virtually no public debt.
In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion. In isolation, this $7.4 trillion amount is a lot, said Scott Morris, a senior fellow at the Center for Global Development.
The major international owners of US debt include Japan ($1.1T), China, UK, Belgium, Switzerland, Cayman Islands and smaller amounts from the rest of the world. After the recent weak treasury auction, US government officials warned that they are seeing waning demand from international buyers.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1093.30 |
| 2. | Life Insurance | 981.75 |
| 3. | Nestle India | 2523.75 |
| 4. | Abirami Fin. | 49.77 |
New Delhi: The International Monetary Fund (IMF) has warned that India's general government debt may exceed 100% of gross domestic product (GDP) in the medium term, Business Standard reported, saying that long-term risks are high because the country needs considerable investment to improve resilience to climate ...
The Indian Government is the largest borrower in India, and it borrows money to finance its various expenditures and initiatives. Reasons for Indian Government being the Biggest Borrower: 1.
According to the Reserve Bank of India, the total external debt of India stood at US$620.7 billion as of March 2023. Of this, only a small portion is owed to China. The largest creditors of India are the World Bank, the Asian Development Bank, and Japan.
How much is America in debt to India?
According to a statement by US Congressman Alex Mooney in 2023, the US owes India $216 billion in external debt.
The International Monetary Fund (IMF) has raised concerns about the long-term sustainability of India's debts. It cautioned that general government debt is likely to exceed 100 percent of India's gross domestic product (GDP) in the near future, Business Standard reported.
Looking at these numbers, one thing is clear: India is experiencing a 'debt crisis problem'.
The $34 trillion gross federal debt includes debt held by the public as well as debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself.
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